Downtown Restaurant With
For Sale
$898,880
445 E Main, El Centro, CA 92243
Existing full commercial kitchen and East Main frontage support continued restaurant use.
Property Size2,330 SF
Price / SF$385.79
Days on Market56
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Property Features for 445 E Main
General Information
Standard status
Active
Size
2,330 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1993
Listing Agency:
RE/MAX MASTERS REALTY
Listed By:
Cesar Navarro · License #01250916
(626) 967-1779
Source:
Myfabuloushome
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 7 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX MASTERS REALTY
Investment Insights
Based on property information with market context.
This restaurant property includes a full commercial kitchen and an existing restaurant buildout. Constructed in 1993, the building offers a purpose-oriented configuration for food-service operations, with street frontage along East Main Street in downtown El Centro.
The property is positioned near Highway 86 and Interstate 8, providing regional roadway access. A 7-Eleven is adjacent, while a Shell station is located near the East Main Street and Dogwood Street area. The surrounding setting includes a mix of residential uses, adding an established neighborhood context to the commercial location.
The property is positioned near Highway 86 and Interstate 8, providing regional roadway access. A 7-Eleven is adjacent, while a Shell station is located near the East Main Street and Dogwood Street area. The surrounding setting includes a mix of residential uses, adding an established neighborhood context to the commercial location.
Key Highlights
- Full commercial kitchen and restaurant buildout
- Located along East Main Street in downtown El Centro
- Near Highway 86 and Interstate 8
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,388
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,760
$607.8K
Cap Rate 7%
$434,114
$434.1K
Cap Rate 9%
$337,644
$337.6K
Market Conditions
NOI Build-Up for 2,330 SF
Gross rent
$43.1K $18.48/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$40.5K $17.39/SF
− OpEx
−$10.1K −$4.35/SF
NOI
$30.4K $13.04/SF
Area
Imperial County, CA
Vacancy
5.90%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,760
Cap Rate 7%
$434,114
Cap Rate 9%
$337,644
Alternative Uses
Best Use
Specialty Retail
$434.1K
$379.9K – $506.5K
NOI $30,388 @ 7.0% cap · market cap 3.38%
Second Best
Industrial
$304.8K
$266.7K – $355.6K
NOI $21,334 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$594.3K
$520.1K – $693.4K
NOI $41,604 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92243, CA
49,149
Population
15,908
Households
3.1
Avg Household Size
36
Median Age
16%
College-Educated
74%
High-School Grad
113.3 sq mi
ZIP Area
434
Density / Sq Mi
$55,890
Median Household Income
$31,170
Median Earnings
$992
Median Rent
$286,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing full commercial kitchen and East Main frontage support continued restaurant use.
Where is this conventional restaurant located?
The property is located at 445 E Main El Centro, CA.
What is the asking price?
The asking price for this property is $898,880.
What are key features of this property?
This property features: Full commercial kitchen and restaurant buildout; Located along East Main Street in downtown El Centro; Near Highway 86 and Interstate 8
